TimesSquare Capital Management LLC Purchases 35,255 Shares of Elastic N.V. $ESTC

TimesSquare Capital Management LLC increased its position in shares of Elastic N.V. (NYSE:ESTC) by 5.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 672,175 shares of the company’s stock after purchasing an additional 35,255 shares during the period. TimesSquare Capital Management LLC owned about 0.63% of Elastic worth $56,792,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Geneos Wealth Management Inc. bought a new position in Elastic during the second quarter worth about $31,000. Huntington National Bank boosted its stake in Elastic by 97.5% in the 2nd quarter. Huntington National Bank now owns 468 shares of the company’s stock valued at $39,000 after buying an additional 231 shares in the last quarter. Plato Investment Management Ltd bought a new stake in Elastic in the second quarter valued at $40,000. Promus Capital LLC bought a new stake in Elastic in the second quarter valued at $45,000. Finally, True Wealth Design LLC raised its stake in Elastic by 391.2% during the third quarter. True Wealth Design LLC now owns 673 shares of the company’s stock worth $57,000 after acquiring an additional 536 shares in the last quarter. 97.03% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have issued reports on ESTC shares. Scotiabank cut their price objective on Elastic from $90.00 to $76.00 and set a “sector perform” rating for the company in a research report on Friday, November 21st. Royal Bank Of Canada reduced their price target on shares of Elastic from $115.00 to $95.00 and set an “outperform” rating on the stock in a research report on Monday, January 5th. Barclays dropped their target price on shares of Elastic from $107.00 to $100.00 and set an “overweight” rating for the company in a research note on Monday, January 12th. Wedbush decreased their price target on shares of Elastic from $110.00 to $90.00 and set an “outperform” rating on the stock in a research note on Friday, November 21st. Finally, Canaccord Genuity Group lowered their price target on shares of Elastic from $120.00 to $115.00 and set a “buy” rating for the company in a report on Friday, November 21st. Seventeen equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Elastic currently has an average rating of “Moderate Buy” and a consensus price target of $104.88.

Insider Buying and Selling at Elastic

In related news, CTO Shay Banon sold 4,552 shares of the stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $75.05, for a total value of $341,627.60. Following the sale, the chief technology officer directly owned 4,359,228 shares in the company, valued at $327,160,061.40. This trade represents a 0.10% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Ashutosh Kulkarni sold 5,000 shares of Elastic stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $74.60, for a total transaction of $373,000.00. Following the transaction, the chief executive officer directly owned 426,901 shares in the company, valued at $31,846,814.60. The trade was a 1.16% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 61,828 shares of company stock valued at $4,641,010 over the last quarter. 12.70% of the stock is owned by corporate insiders.

Elastic Stock Up 1.9%

Shares of NYSE:ESTC opened at $61.55 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.97 and a quick ratio of 1.97. The stock has a market cap of $6.49 billion, a price-to-earnings ratio of -59.75, a P/E/G ratio of 250.46 and a beta of 0.93. The company has a 50 day moving average of $71.94 and a 200-day moving average of $79.28. Elastic N.V. has a one year low of $56.69 and a one year high of $118.46.

Elastic (NYSE:ESTC) last announced its quarterly earnings data on Thursday, November 20th. The company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.06. Elastic had a negative net margin of 6.79% and a negative return on equity of 2.02%. The business had revenue of $423.48 million for the quarter, compared to analyst estimates of $418.27 million. During the same period in the prior year, the business posted $0.59 earnings per share. Elastic’s revenue was up 15.9% compared to the same quarter last year. Elastic has set its Q3 2026 guidance at 0.630-0.65 EPS. On average, sell-side analysts forecast that Elastic N.V. will post -0.77 earnings per share for the current year.

Elastic Company Profile

Elastic N.V. operates as a search and analytics company, offering a suite of open source and subscription-based solutions for search, observability and security use cases. Its flagship product, Elasticsearch, enables fast and scalable full-text search and analytics across large volumes of structured and unstructured data. Complementary tools such as Kibana provide visualization capabilities, while Beats and Logstash serve as lightweight data shippers and data processing pipelines, respectively.

The company was founded in 2012 by Shay Banon, who serves as chief technology officer, and Steven Schuurman.